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Economy: Christmas Shopping #553888

NBC Evening News for Friday, Nov 27, 1987
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(Studio: Connie Chung) Report introduced.

(DC: Irving R. Levine) Scenes shown of Christmas shoppers across the country Retailers' fears that stock market behavior causing consumers to spend less noted. [Chairperson Bloomingdales Marvin TRAUB - says Christmas spending will be down slightly.] Retailers' dependance upon Christmas spending noted. [SHOPPERS - say less will be spent this year] Luxury items reported hardest hit; details given, scenes shown. Middle income retailers like K Mart reported less concerned; scenes shown. Merchants mentioned having sales to combat hesitant spending. [TRAUB - explains reasons for sales.] Saks Fifth Ave.'s sale discussed. Christmas reported as critical time in United States economy

Chung, Connie;
Levine, Irving R.

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